Ford Says 40 Percent of Sales to be Electric Vehicles by 2030

Ford said on Wednesday it is ramping up investment in zero-emission cars and by 2030 expects 40 percent of its vehicle volume to be comprised of fully electric vehicles.

The US automaker announced it is increasing its investment in electrification to more than $30 billion USD by 2025, boosting the amount from the $22 billion USD announced in February.

The company last week unveiled an all-electric version of its best-selling F-150 truck in an eco-friendly reinvention of a flagship American car brand, and said it has received 70,000 reservations from customers in just one week.

"This is our biggest opportunity for growth and value creation since Henry Ford started to scale the Model T, and we're grabbing it with both hands," Ford CEO Jim Farley said in a statement.

Photo: Ford

Besides the battery-powered F-150, called the Lightning, Ford has begun selling the electric Mustang Mach-E sport utility vehicle and will soon bring the E-Transit cargo van to showrooms.

The company also is investing in battery production, and recently announced a joint venture with South Korea's SK Innovation.

Automakers have joined the growing move towards zero-emission vehicles to help address global warming.

General Motors, Ford's main competitor in the US market, pledged in January to stop making diesel- or gasoline-powered cars by 2035.

Watch: 2022 Ford F-150 Lightning is Unveiled

Share on Facebook

More on the subject

ElectricFord to Build its Own EV Batteries with SK Innovation
Following the official debut of the all-new 2022 F-150 Lightning last night, Ford announced the creation of a joint venture with South Korea’s SK Innovation—to be called BlueOvalSK—to manufacture traction battery cells and array modules for future electric vehicles. The goal is to produce approximately 60 GWh annually starting mid-decade, …
NewsFord F-150 Lightning Explained By Ford’s Designers and Engineers
The all-new 2022 Ford F-150 Lightning has arrived and there is literally a truckload of information to digest. If you haven’t read our top story covering all the main features and highlights, we suggest you do it now. Here, we’ll go into further details about the design and engineering of …
New Models2022 Ford F-150 Lightning: This is it!
Less than a year after introducing the next-generation F-150 , Ford officially unveiled the much anticipated, fully electric variant on Wednesday night. The new 2022 F-150 Lightning is here, and we have all the details and specs we have been waiting for. This pickup is faster, more powerful, more technologically …
News2022 Ford E-Transit Brings Electrification to Commercial Vans
Ford today introduced the all-new 2022 E-Transit, a fully electric variant of the Transit van. It might be a commercial vehicle first and foremost, but trust us, this is one of the most important reveals of 2020. Why? Just think about all that CO2 emitted by delivery trucks and vans …
Electric2022 Ford F-150 Lightning: The Car Guide Takes a Closer Look
Ford’s 2022 model lineup will have both thunder and lightning in the form of the all-new F-150 Raptor R and F-150 Lightning , the latter becoming the first fully electric pickup in Blue Oval history. We were recently invited to Mississauga, Ontario to take a closer look at this vehicle …
ElectricFord’s Future Electric SUVs Will Have to Wait
Along with the announcement of two new EV platforms during a presentation to investors back in May—one for RWD and AWD vehicles, another for large pickups—Ford confirmed the upcoming launch of an electric Explorer and Lincoln Aviator . However, don’t hold your breath if you’re waiting for either one: the …
NewsFord Cuts 3,000 Jobs to Fund Massive EV Shift
It’s official: Ford will let go 3,000 salaried and contract employees—or about 1.6 percent of its global workforce—in order to reduce costs and have more money to spend on the development of electric vehicles. The job cuts are effective September 1. Most will be in the U.S., Canada and India …